andspainwerethe worst hit. >> eventually, it was the european central bank's controversial bond-buying program that manage to come down the markets -- calm down the markets. >> germany's finance minister says he thinks the worst is behind us. is he right? >> the wildfires in 2012 were the worst spain had experienced in years, but it was not the only disaster the country had to deal with. the financial sector was also in flames. right from the beginning of the year, it was clear that the eurozone had a tough time ahead. credit rating agencies handed out significant downgrades to spain and portugal in particular. europe's firefighting coalition of finance ministers hoped a fiscal pact with tight budgetary controls and national debt breaks would need future crises in the bud, but some economists were more realistic. >> the fiscal pact was basically superfluous. we already knew that all the countries were trying to cut back. weather or not they continue making cuts in 2018, which is what the fiscal pact promise, is of little interest to the markets. >> agrees also posed a challenge

have a memoriam for man wewillspainroddrying guess and he was one of the district's most colorful andby loved artist and is with robert crumb influenced generations of cartoonists and not only in the mission but throughout the city and born in new york to an italian artist mother mr. rod drying guess dropped his first name in favor of spain passionate about his latino heritage created murals with crumb in the late 1960's and 70s, in in addition, to zap economics his works include biographygraphy and dark hotel online graphic novellings, spain was working on a graphic story for the 2004 san francisco hotel workers strike, so, we would like to ask that we adjourn the meeting today in his memory. i also have another item as you know as a city, we have been working with other cities to deal with the issue of homelessness within our veteran population. we have been involved with the hundred days campaign to house veterans in 2012. president obama established a goal to end veteran's homelessness by 2015 which i think is doable and the department of housing and urban development

capitalist economic modelinspain. >>first of all, warren buffett, there again i think the contradictory as of all of this is at play. on the one hand, yes, there have always been people like him on the side of the wealthy, the big corporations, who have a clear understanding that at a certain point it becomes dangerous to keep going in that direction. you cannot keep having a smaller and smaller number of people doing really well in a sea of people that are having a harder and harder time. pushing, but don't kill the goose that lays the golden egg in the end. so there are always voices like that. not the only one. there are a whole bunch of people like that to see that and to have the courage or the comfort or the security to say it. remember also, the same warren buffett he says that is a major owner of the moody's corporation , and the moody's corporation was a central player in providing aaa ratings for securities we now know were worthless, are worthless, fraudulent, and someone. and so, you know, he is as he would himself admit a part of the system and therefore draw

a ritual that was importantinspainbackthen, and it still is today. >> the cattle trader from spain gets up early in the morning and does not come home again until late. between 2:00 and 4:00 p.m., he takes an afternoon nap, a siesta. >> i need these one-and-a-half hours after lunch. if i do not sleep, i do not feel well. then i do not enjoy work, and i am just not myself. >> the long spanish siesta still exists, even in bustling major cities. many businesses still shut at 1:30 in the afternoon and open again at 5:00 p.m. carlows also uses that break for a nap, for now at least. -- carlos. >> i think soon we will have to stay open after lunch. this is a tourist area. we have to stay open because it is customer friendly even though a lot of people are against it. but business is business. >> to make sure tourists in particular are not faced with shuttered doors, the spanish government has changed laws regarding business hours. it wants visitors to the crisis- ridden country to have more time to spend money -- 90 hours a week instead of 72. >> it should help encourage trade and

vacant. look at what is going oninspain. millionsof people taking to the streets. they still call it a recession with 25 percent unemployment in spain, greece. things are getting worse everywhere. the austerity measures, what austerity measures? i got one. make a story. i'll make a bad bet. i don't want to take my losses. of take the money from you, mr. citizen. of tax you more, cat your services. what you do did you will pay more for my note that your pension and benefits. tom: how does all this in? we wind up with pitchforks? >> it's happening now. they don't call it class warfare. that is what is going on over there. again, there is no air spring. there's nothing about a pro-democracy movement. far too few had much too much and way too many head was too little. the people in the street that one piece of the pipe command it's going on around the world. and for some reason people are oblivious to it. look in this country, college graduates, the income is declining eight or 10% since the recession. you can't find a job. 3 percent of them have jobs paying high-school wages. so you'

they sell the skin. >> which country would you like to visit?>>spain, ibiza.i have some friends there and i like some music too. i like to make party in ibiza. >> how do you spend your leisure time? >> in my spare time i go to visit my brothers and sisters in maasai village. when i just go to my village i must wear like a maasai. i am proud to be a maasai. >> weather experts often blame torrential rains and massive floods in latin america on the el nino. this much feared weather front has been observed for centuries and researchers say climate change could be reinforcing this phenomenon. in autumn, when warm sea-water flows east into the pacific from indonesia and australia towards south america, usually trade winds hold the water masses at bay and push them back towards south-east asia. but every couple of years. el nino throws this system off balance. put simply, it weakens the trade winds which acted as barriers. now the uncontrolled water mass heads towards the coasts of south america. there, this kind of climate tsunami leads to massive flooding. the people of the piura reg

improving grades, scientistsinspainsaygirls have a leg up. they compared girls who walked or biked to school with girls who caught a ride. on average, the more physically active girls scored four points higher on math and verbal tests. the researchers say exercise made the difference, though they aren't sure why. it may have to do with increased blood flow to the brain. and here's something interesting -- exercise doesn't have the same effect on boys. [cheers and applause] [woman laughing] man: where's my daughter? hey, baby. child: aw! come here. [cheers and applause] girl: i love you, dad. learning how to kick flip 6 stairs takes determination. so will getting into college. i've got what it takes. so do you. >> from one of the best cooking schools in the world to your kitchen, here's another easy and fun recipe from the culinary institute of america. >> hi, my name is aubrey, and today, i'm going to tell you and show you what to do with those old bananas. sometimes, we just buy way too many bananas, and before you can slice them all on your cereal, they turn black. today, i'm goi

tower yet. at 230 feet tall, this is built as a replica of of the clock towerinspain. thiswas electrically i polite. electrically operated? >> correct, but it still can be run mechanically. ithe clock master comes in at te time that it is changing. we also have clock watchers across the street who tell us if it is off by a second, so he is very attached to the clock. >> we have a clock master. and look at this, the hands of the clock. look how big they

with care. for "tkn," i'm carly. >> when it comes to improving grades, scientistsinspainsaygirls have a leg up. they compared girls who walked or biked to school with girls who caught a ride. on average, the more physically active girls scored four points higher on math and verbal tests. the researchers say exercise made the difference, though they aren't sure why. it may have to do with increased blood flow to the brain. and here's something interesting -- exercise doesn't have the same effect on boys. i pledge allegiance to the flag of the united states of america... and to the republic for which it stands... one nation, under god... indivisible, with liberty... and justice for all. our disabled veterans pledged to sacrifice life and limb to ensure our way of life. now, they deserve our support. find out how you can help disabled veterans in your community. visit dav.org. of the united states of america... and to the republic for which it stands... one nation, under god... indivisible, with liberty... and justice for all. our disabled veterans pledged to sacrifice life and limb

, countrieslikespain, italy-- >> the austerity policy. when you look at the country -- >> countries like spain and italy -- >> i'm talking about the labor market adjustments. >> they have seen 20%. that's a problem. >> i'm sorry. i didn't hear -- what did you say? >> spain, italy, unemployment around 15, 20%. >> of course they do. >> juliet, hang on, because it is connected to the german point. part of the reason that germany has been able to have export-led growth and be so successful internally, germany is the china of europe. >> i realize that. i made that point about 20 minutes ago. you add shock at the beginning. i'm not talking about the later stage of austerity and self-imposed pain, which is what europe is dealing with right now. but if you look at the ocb adjustment to the downturn and the u.s. has a huge g and p adjustment and loss of unemployment where a lot of these other european countries adjust on hours and their unemployment doesn't go up. that's the only point i was making. >> adjust on hours meaning you get something more like job sharing, right? >> it wasn't just germa

dramatically worse inportugal,spain, italy.there is dysfunction in the european union. that's one place to look. that's going to encourage russia to make moves of its own, you mentioned south africa. south africa is not going in a good direction, it's supposed to be the most optimistic spot on the african continent. so i don't see many bright spots, maybe new zealand, but some say that even new seeland-- >> still ahead, counting to obamacare. big changes could be coming in 2013 for you and your family. thanks to the president's health care overhaul. we'll tell you what to expect when we come back. [ male announcer ] truth is, dayquil doesn't treat that. really? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny nose. [ breathes deeply ] awesome. [ male announcer ] yes, it is. that's the cold truth! >> well, get ready, america, for the arrival of obamacare, some key provisions of the president's mammoth overhaul kick in come january and joe is here to tell you what to expect. or as we call the bill, joe, the joe regal lifetime employme

spainnow.the word is at 50% of young people on unemployment. >> rose: that is the number. >> it's terrifying, correct. >> rose: yes so then at 25 you don't know how every second, young professional doesn't know where he will work. so russia does maybe a little bit better than average in europe. with human rights, well, the stories get famous, they even get more famous than the killing of miners in south africa which amazes me in the modern world. >> rose: you mean the story does get a lot of attention. but there were even medvedev thought, had some question about how long they should be in prison. >> i think they should not even talk about seven years, that's ridiculous. >> rose: i mean your friend, the president could stop this in a second. >> well, i don't think first of all he's thinking about how to put these girls in prison in the first place. most of the people in russia were disgusted with the fact that they went to the biggest-- . >> rose: they didn't approve-- it is one thing not to approve what they did, it was a is a tire about him, yes. >> i think i separate. it's to t

." [ laughter ] ♪ thank you, the womaninspainwhotried to smuggle cocaine in her breast implants, for making charlie sheen's christmas wish come true. [ laughter ] there you guys go. those are our "thank you notes." ♪ [ applause ] >> jimmy: hey, guys, there are exactly six shows left before we go on christmas break. it's time for that beloved "late night" tradition, "12 days of christmas sweaters." here we go. ♪ 12 days of christmas sweaters six days left ♪ >> jimmy: thank you, that's right. every show between now and christmas, we are giving one lucky audience member a beautiful christmas sweater from the countdown to christmas cabinet. that's right. one of you will be going home with a great sweater. since there are six shows left, let's open door number six. [ drum roll ] oh, that is -- ♪ [ cheers and applause ] yeah. that's the bonus. i didn't see that coming. i didn't see those sleeves coming. all right. now, let's see who's going home with tonight's sweater. everyone, look at your seat number. if i call your number, i need you to jump up and let me know where are yo

. a town insoutheastspainiscleaning up after revelers battled it out with flour, eggs, and -- wait for it -- firecrackers. the annual flour/egg/firecracker fight takes place on december 28 and celebrates spain's equivalent of april fool's day. to recap, that is flour, eggs, and firecrackers. jud . >> do they combine? >> yeah, like bisquick a la requirecrackers. >> some story meetings -- >> maybe next year. >> maybe. we'll see. >> thanks. >>> dylan dreyer has a check of the national forecast. good morning. >> good morning to you guys. yeah, talking about snow in the northeast. rain in the southeast. and right smack dab in the middle of the country, it looks nice and sunny. it will be cold. temperatures only in the 20s and 30s. we are looking again at most areas in the northeast around one to three inches. we're not talking about a lot of flag or a lot of wind -- flooding or a lot of wind. southeastern massachusetts will be a jackpot area where we could end up with about six to nine inches of snow. the southeast will see the rain mostly through this morning. it will be heavy

that annual traditions in other countries don't always translate. a town insoutheastspainiscleaning up after revelers battled it out with flour, eggs, and -- wait for it -- firecrackers. the annual flour/egg/firecracker fight takes place on december 28 and celebrates spain's equivalent of april fool's day. to recap, that is flour, eggs, and firecrackers. jud . >> do they combine? >> yeah, like bisquick a la requirecrackers. >> some story meetings -- >> maybe next year. >> maybe. we'll see. >> thanks. >>> dylan dreyer has a check of the national forecast. good morning. >> good morning to you guys. yeah, talking about snow in the northeast. rain in the southeast. and right smack dab in the middle of the country, >>> snow will continue coming east. expect your snow chance prior to noon today. after that, it's rain. all the precipitation ending about 3:00 today. take a look because some folks are saying, where's the snow? it's west of us now between now and 9:00. that line will come to the east. we will be getting some snowfall in here, but only for about three or four hours. a

independencefromspain-->> you need to cultivate the marti mind. the marti mind is simply that, as much love as i have for my own group, i have for every other group. to take possessive investment in each others' struggles. where whatever's happening to the gay community, is happening to us. whatever's happening in the asian community, that's us. instead of possessive commodified investment in our identities, we need to take possessive investment in our other communities' struggles. >> the life and work of junot diaz contain many worlds, and that makes him all the more worth listening to. his imagination travels between the old and the new, between the america that was and the america we're becoming. straddling different cultures, yet american to the core -- he seems to be looking in every direction at once -- a spotter of the future, a curator of the past, a man very much of the here and now. in his first book, "drown" and in "the brief wondrous life of oscar wao" -- the novel that won him the pulitzer prize, diaz writes in short, vivid strokes of realspeak. his recent collection of short s

. . >>> check out this food fightinspain. thetraditional battle with flour, eggs and fireworks is a yearly event in the town. people dress in silly, military style costumes, and then take overpower in the town until sunset. the celebration marks the day of the innocence which is described as their april fool's day. whatever makes you happy. >>> one of the best rivalries in college sports will take place in stanford. the women's team will tip off against the huskies. both go in undefeated. the women have an 82 straight win streak there. >> stanford is going to have plenty of report on new year's day. 38, 9oo fans bought tickets while only 16, 5hundred went to wisconsin fans. its been 13 years since stanford appears at the bowl. yesterday stanford practiced at the home depot center. >>> preparations are underway for the 124th rose parade. volunteers busy putting on the final touches on all the floats, this year's theme, the places you will go. inspired by dr. suess. dogs will be a big part of the parade. people won't be able to steak out spots until noon on monday. more than 700,000 p

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